Bacolod Property Listing

20/05/2026

Shout out to my newest followers! Excited to have you onboard!

Gunan Gunan, Rang Bhadur

18/05/2026

🏡 BUY YOUR DREAM HOME WITH CONFIDENCE

Your investment deserves security, transparency, and legitimacy.

✔️ Accredited Real Estate Salesperson
✔️ DHSUD Registered and PRC Accredited
✔️ Under PRC Licensed Real Estate Broker: JULIUS BORGONIA JR.

All projects advertised have valid License to Sell (LTS).
Message me for legitimate and secure transactions

16/05/2026

💯✨

14/05/2026

14/05/2026

🏡 Invest in your future at Akina Villas South!
Own a 72 SQM LOT ONLY for as low as ₱6,835/month for 18 months. ✨

✅ ₱10,000 Reservation Fee
🌿 Peaceful community in South Bacolod
🚗 Near future MassKara Coliseum & major developments

Limited lots available — Send us a message today! 🔥

13/05/2026

😮 𝗬𝗼𝘂𝗿 𝗛𝗼𝗺𝗲 𝗟𝗼𝗮𝗻 𝗛𝗮𝘀 𝗔 "𝗗𝗲𝗮𝘁𝗵 𝗦𝘄𝗶𝘁𝗰𝗵." 𝗛𝗲𝗿𝗲'𝘀 𝗛𝗼𝘄 𝗜𝘁 𝗪𝗼𝗿𝗸𝘀.

🏠 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗠𝗥𝗜?

MRI stands for Mortgage Redemption Insurance. It's a type of life insurance attached to your housing loan. If the borrower passes away — or suffers total permanent disability — the MRI pays off the remaining loan balance so the family keeps the home. Hindi siya fire insurance, hindi siya property insurance. It 𝘰𝘯𝘭𝘺 covers your outstanding loan.

⚖️ 𝗜𝘀 𝗶𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱?

Yes. MRI is mandatory when you take out a housing loan in the Philippines — whether through a bank or through Pag-IBIG. Under Pag-IBIG's guidelines (HDMF Circular No. 403), borrowers are compulsorily covered by MRI or SRI (Sales Redemption Insurance). Banks also require it as a condition for loan approval.

💡 𝗧𝗵𝗲 𝗽𝗮𝗿𝘁 𝗮 𝗹𝗼𝘁 𝗼𝗳 𝗯𝗼𝗿𝗿𝗼𝘄𝗲𝗿𝘀 𝗺𝗶𝘀𝘀

Here's the thing — the beneficiary of your MRI is 𝘵𝘩𝘦 𝘣𝘢𝘯𝘬 𝘰𝘳 𝘭𝘦𝘯𝘥𝘦𝘳, not your family. The insurance pays the lender directly to settle the loan. But if the MRI proceeds exceed the outstanding balance, the surplus goes to your designated beneficiaries or heirs.

This means: if you never updated your beneficiary designation — say, after getting married or having kids — there could be complications in who receives the excess. Under the Civil Code, if there's no valid designation, the surplus follows intestate succession rules, which can mean delays and extra paperwork for your family.

🔑 𝗣𝗿𝗼 𝘁𝗶𝗽𝘀 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝘀𝗮𝘃𝗲 𝘆𝗼𝘂 𝗺𝗼𝗻𝗲𝘆

You are 𝘯𝘰𝘵 required to get MRI from the lender's accredited provider. If you already have an existing life insurance policy with coverage equal to or greater than your loan amount, you may assign it as your MRI instead. Just designate the bank or Pag-IBIG as beneficiary on your policy and present it to your lender. This can potentially save you from paying separate MRI premiums.

Also, take note: MRI coverage typically 𝘥𝘦𝘤𝘳𝘦𝘢𝘴𝘦𝘴 each year, following the declining balance of your loan. So the longer you've been paying, the less coverage you carry. Make sure you understand how this affects your family's safety net.

📝 𝗞𝗲𝗲𝗽 𝘁𝗵𝗶𝘀 𝗶𝗻 𝗺𝗶𝗻𝗱

MRI is not an "extra cost" — it's your family's last line of defense against foreclosure. Without it, your loved ones could be forced to either take over the remaining loan, restructure the debt, or worse, lose the property entirely. Protektahan ang pinaghirapan mo.

Update your beneficiary designation regularly, keep a copy of your MRI certificate, and know your claim rights. For Pag-IBIG loans, heirs must file the claim within one year from the borrower's death, though legal action on the policy can still be pursued within 10 years under the Insurance Code and Civil Code.

📌 𝗥𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀:
• HDMF Circular No. 403, Section 9 (Pag-IBIG Fund Affordable Housing Program Guidelines)
• Insurance Code of the Philippines (P.D. 612, as amended)
• Civil Code of the Philippines, Articles 960–1014 (Intestate Succession)
• RA 6552 (Realty Installment Buyer Protection Act / Maceda Law)
• Sun Life v. Court of Appeals (Supreme Court; on liberal interpretation of insurance claims in favor of beneficiaries)

👉 Follow Phil. Property Expert for more discussions like this.

30/04/2025

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16/04/2025

14/04/2025

1st Quarter Awarding

14/04/2025

Amaia Kick off